Multimedia

Purchasing power took a plunge in some of the nation's hottest housing markets, as a competitive spring purchasing season continues to drive home prices higher.

From lowering expectations about their ideal home to moving faster to close a deal, here's a look at five ways house hunters say they would react to average mortgage rates reaching 5%.

The Trump administration's plan to end the conservatorship of Fannie Mae and Freddie Mac marked its first effort to solve a problem left over from the financial crisis, but ultimately raised more questions than it answered.

From medical expenses to home improvements, here's a look at some of the most frequently cited reasons homeowners are borrowing against their home equity.

Since the bottom of the housing market in 2012, home prices have increased 75% but wages have only increased 13%.

Here's a look at the 12 housing markets where mortgage lenders have to compete the most for borrowers' business.

More than half of the country's top housing markets are considered overvalued. Here's a look at the 12 cities where this trend is the most severe.

While the rate of underwater borrowers continues to decline, many cities still struggle with a deluge of homeowners with so little equity that they have limited incentive or ability to put their homes on the market.